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9. Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $50,000, the company should record: a. No gain or

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9. Equipment originally costing $65,000 has accumulated depreciation of $25,000. If the equipment is sold for $50,000, the company should record: a. No gain or loss. b. A gain of $10,000. c. A loss of $10,000. d. A loss of $15,000

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